Presenting a new to market 12-unit apartment complex in Spokane Valley, constructed in 1978. It sits on three parcels and offers ample open parking. Each unit features an identical loft-style layout, with a bedroom upstairs and living areas, kitchen, and bathroom on the main floor. Current market rents are $950, which gives the property an impressive 8.5% cap rate. Even more, this property is located in an area surrounded by new high-end apartment buildings. Call for more information.
Listing Courtesy of Spokane MLS / Windermere/Manito LLC / Joe Lanet